Question: On January 1 2013 Ward Corp issued 160 000 of 10 year

On January 1, 2013, Ward Corp. issued $160,000 of 10-year, 7 percent bonds at their face amount. Interest is payable on December 31 of each year with the first payment due December 31, 2013.

Required
Prepare all the general journal entries related to these bonds for 2013 and 2014.


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  • CreatedOctober 26, 2013
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